BUSINESS DISALLOWANCE - CASH PAYMENT EXCEEDING PRESCRIBED LIMITS

Section 40A(3) of Income-tax Act, 1961

Payment to farmers : Where payment to Kachcha Aaratia by assessee was to be taken as a payment to farmer as Aaratia held agency relationship and he did not receive payment in his own right, Assessing Officer could not invoke section 40A(3) - (2014) 52 taxmann.com 361 (Agra - Trib.)